So...what's a "reasonable" multiple for a Mile High copy?

[JiveTurkeyMoFo]

I know this is a question where the book itself means everything, but I was curious as to what type of multiples some of you good folks have paid for the Mile High copy of a particular book.

 

The issue I'm contemplating is already the highest graded copy (naturally) with only one 9.0 behind it in the Census (that book sold for well over guide a few years ago). Though its priced at a four times 9.2 Guide Multiple, considering its a 9.4 (which generally sell for double guide anyway), its more like a x2 multiple for the pedigree designation.

 

So, is there any hard and fast rule of thumb for multiples when buying Mile Highs?

 

I'd like to hear your thoughts.

[G.A.tor]

I think the 4x guide has been pretty well used, and maybe even accepted as the norm...as you mention, specific issues and qualities can cause for the guide and "reasonable" multiples to be thrown out the window, but as a general rule, that is what I have seen

gator

[stagedoorjohnny]

4x is probably a good average, but it really depends on the title and book. And it also depends on how behind or ahead of the times Overstreet is on the value of a particular book. There's some books that are way undervalued in the guide that the Church copy could probably fetch 10x.

[tth2]

Totally depends on the book. I`ve managed to pick up some non-mainstream Mile Highs in 9.6 for 3X Guide or less, while I`ve seen plenty of MHs in varying grades go for much bigger multiples.

[nearmint]

Assigned grade is a big factor. I've seen plenty of Nedor Church books in 9.4 sell for around 4x guide, while a similar book in 9.6 might sell for as much as 6x guide.

[adamstrange]

Totally depends on the book. I`ve managed to pick up some non-mainstream Mile Highs in 9.6 for 3X Guide or less, while I`ve seen plenty of MHs in varying grades go for much bigger multiples.

 

I'm with Tim. Multiple can go from 2x - 10x.

[Silver Surfer]

Totally depends on the book. I`ve managed to pick up some non-mainstream Mile Highs in 9.6 for 3X Guide or less, while I`ve seen plenty of MHs in varying grades go for much bigger multiples.

 

I'm with Tim. Multiple can go from 2x - 10x.

 

Yup and if its a mainstream book with a cool cover and I was the seller you would have to think that the demand for the book is going to be tremendous. Throw out guide for the most part.

[MrBedrock]

My rule of thumb is 2 to 3 times what a non pedigree in the same grade would sell for.

For example a 9.2 Nedor Schomburg cover may sell for 1.5 guide so I would think a MH would sell at 3 to 4.5 guide. The multiple if inversely effected by price. The higher the guide value, the smaller the multiple.

[Big Daddy]

I would have agreed in the past and this will probably start a riot, but since finding out a lot of pedigree issues out there are being pressed and have light resto I'd rather have an issue from a regular collection that hasn't been messed with.

[nearmint]

The multiple if inversely effected by price.

 

My head just exploded.

[MrBedrock]

The multiple if inversely effected by price.

 

My head just exploded.

 

[moloch]

So I'm still going to pay at least 2X guide for a Church book even though it's an obscure title in say 7.0-8.0?

[MrBedrock]

So I'm still going to pay at least 2X guide for a Church book even though it's an obscure title in say 7.0-8.0?

 

Probably 2X condition guide, yeah. That seems to be the going rate.

But Church books have something about them (paper quality, ink reflectivity, eye appeal) that is twice as cool as other books.

[nearmint]

So I'm still going to pay at least 2X guide for a Church book even though it's an obscure title in say 7.0-8.0?

 

Quite possibly, as you're still getting gorgeous, supple pages, and a cover with blinding ink reflectivity.

[nearmint]

Hey, I said that second.

[MrBedrock]

We think alike. That's why we pick on the same people.

[nearmint]

We think alike. That's why we pick on the same people.

[moloch]

So I'm still going to pay at least 2X guide for a Church book even though it's an obscure title in say 7.0-8.0?

 

Probably 2X condition guide, yeah. That seems to be the going rate.

But Church books have something about them (paper quality, ink reflectivity, eye appeal) that is twice as cool as other books.

 

! I guess to get a Church book in my collection that I can afford I'm going to have to buy something like JIMMY WAKELY #8...

[MrBedrock]

We think alike. That's why we pick on the same people.

 

[Straw-Man]

We think alike. That's why we pick on the same people.

 

that made me poot twice.